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Styles Voice Sensit Question 4 (15 marks) Aussie Luck company produces handcrafted silver lucky charms. This product is very popular in Australia as it can be attached to a necklace or bracelet. Silver and two colourful crystals are required to make each charm. Standard cost information to produce one charm is as follows: Standard quantity Standard price Standard cost for one charm Silver 0.25 oz $20 per oz. $5 Crystals $0.25 per crystal $0.50 Direct labour 1.5 hours $15 per hour $22.50 *#03. is ounce Actual costs incurred in the production of 1,800 units during the month of March were as follows: Actual use Actual costs Silver 420 oz. $9.240 Crystals 3,630 crystals $803 Direct labour hours _2,880 hours $42,480 Required: a. Calculate the total standard direct material costs and direct labour costs for March given the production level of 1,800 units. [2 marks] Click or tap here to enter text. b. Calculate Aussie Luck's direct material price variance and direct material quantity variance for silver and crystals for the month of March. [5 marks/ Click or tap here to enter text c. Calculate Aussie Luck's direct labour rate variance and direct labour efficiency variance for the month of March. [5 marks] Click or tap here to enter text. d. Identify a possible cause of each variance. [3 marks] for tap here to enter text